Toronto area housing sales up 24.3% in July, prices rise due to tighter supply
Posted August 6, 2019 6:12 am.
Last Updated August 6, 2019 8:21 am.
TORONTO — The Toronto Real Estate Board says home sales in the area were up 24.3 per cent in July from the same month last year.
The average selling price in the Greater Toronto Area was up 3.2 per cent year-over-year to $806,755 while the board’s home price index was up 4.4 per cent.
TREB says that the supply of properties for sale was tighter than it was last year and there was more competition between buyers.
Active listings at the end of July were down 9.1 per cent from a year ago and new listings were up a modest 3.7 per cent.
There were 14,393 new listings in the GTA during the month, up from 13,873 in July 2018.
The number of properties sold increased to 8,595 from 6,916, with sales of all four categories of housing up by double digits.
The Canadian Press
